West's legal forms : business organizations, with tax analysis

West's legal forms : business organizations, with tax analysis volume 1D contents: Division IV. Limited liability companies. Ch. 1 - Introduction to limited liability companies. A. State law considerations. Part B. Introduction to limited liability company taxation. C. Electing the tax results - check the box regulations. Ch. 2 - Limited liability company operations - state law. A. In general. B. Format. Ch. 3 - Family limited liability companies. A. In general. B. Allocations of income and deduction to a family partner. C. Special allocations of income among family members. D. Family business trusts. E. Gift and estate tax issues. F. Transactions between related parties. G. Other family limited liability company issues. Ch. 4 - Limited liability company formation. A. In general. B. Checklists. C. Pre-formation and subscription agreements. D. Taxation of limited liability company formation. E. Special reporting rules. F. Other forms. Ch. 5 - Basic limited liability company taxation. A. Basic allocations of entity income, loss, and credit. B. Special allocation entities in general. C. Limitations on special allocations. D. Liabilities. E. Special allocations of entity income, loss and credit. F. Recharacterization of entity income, loss, and credit. G. Loss limitations. H. Interest deductions. I. Negative basis - recognition of income. J. Basis. K. Recognition at the entity level. L. Owner taxation. M. Transactions with members. N. Sales of entity assets. O. Tax year. P. Miscellaneous issues. Ch. 6 - Sophisticated limited liability company taxation. A. Basic allocations of entity income, loss, and credit. B. Special allocation entities in general. C. Limitations on special allocations. D. Liabilities. E. Recharacterization of entity income, loss and credit. F. Loss limitations. G. Interest deductions. H. Negative basis - recognition of income. I. Basis. J. Recognition at the entity level. K. Member taxation. L. Transactions with members. M. Sale of entity assets. N. Tax year. O. Miscellaneous issues. Ch. 7 - Basic articles of organization and operating agreements. A. Introduction. B. Basic agreements. Ch. 8 - Sophisticated and special use articles or organization and operating agreements. A. Introduction. B. Sophisticated agreements. Includes a summary of contents and the 2003 pocket part.